Gosling's Grouse: mind the advice gap

GOSLING'S GROUSE

clock

If there is an inequality between the wages paid to a Premiership footballer and a nurse (and clearly there is), there appears to be another odd inequality within the financial services sector.

A survey of salaries and benefits within the industry by BWD Financial Services found the people who provide the advice – advisers and paraplanners – are towards the bottom of the chain. According to the survey, last year the average employed adviser earned nearly £63,000, while the average self-employed earned £60,500. In contrast, employee benefit consultants earned an average of £87,000, while for a paraplanner the average salary was £28,500. However, paraplanners are more optimistic about salary rises this year than other occupations in the survey. Of course, because all these num...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read
The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read